Janney Montgomery Scott LLC Sells 7,908 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Janney Montgomery Scott LLC reduced its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 61.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,928 shares of the restaurant operator's stock after selling 7,908 shares during the period. Janney Montgomery Scott LLC's holdings in Cracker Barrel Old Country Store were worth $261,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted its stake in shares of Cracker Barrel Old Country Store by 63.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 17,999 shares of the restaurant operator's stock worth $951,000 after buying an additional 6,993 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Cracker Barrel Old Country Store by 142.8% in the 4th quarter. GAMMA Investing LLC now owns 2,370 shares of the restaurant operator's stock worth $125,000 after buying an additional 1,394 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Cracker Barrel Old Country Store by 30.3% in the 3rd quarter. Franklin Resources Inc. now owns 6,446 shares of the restaurant operator's stock worth $280,000 after buying an additional 1,498 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Cracker Barrel Old Country Store by 22.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator's stock worth $61,000 after buying an additional 247 shares during the last quarter. Finally, MML Investors Services LLC purchased a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter worth approximately $213,000. 96.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CBRL. Bank of America boosted their target price on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an "underperform" rating in a research note on Thursday, December 5th. Loop Capital boosted their target price on Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a "hold" rating in a research note on Thursday, December 5th. StockNews.com upgraded Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research note on Friday. Truist Financial upped their price objective on Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the company a "hold" rating in a research note on Thursday, January 16th. Finally, UBS Group upped their price objective on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a "neutral" rating in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Cracker Barrel Old Country Store currently has a consensus rating of "Hold" and an average price target of $57.63.

Cracker Barrel Old Country Store Stock Performance

Shares of NASDAQ:CBRL traded down $2.08 during trading on Friday, hitting $47.33. 625,823 shares of the company were exchanged, compared to its average volume of 671,293. The company has a market cap of $1.05 billion, a PE ratio of 26.15, a P/E/G ratio of 10.38 and a beta of 1.48. The stock has a 50 day moving average of $56.09 and a 200 day moving average of $48.69. Cracker Barrel Old Country Store, Inc. has a 52-week low of $34.88 and a 52-week high of $74.54. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Friday, January 17th were given a dividend of $0.25 per share. The ex-dividend date was Friday, January 17th. This represents a $1.00 annualized dividend and a dividend yield of 2.11%. Cracker Barrel Old Country Store's dividend payout ratio is currently 55.25%.

Cracker Barrel Old Country Store Profile

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services.